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Microchip (MCHP)
NASDAQ:MCHP
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MCHP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$71.77 - $100.57
Previous Close$75.09
Volume11.38M
Average Volume (3M)5.78M
Market Cap
$39.95B
Enterprise Value$46.09B
Total Cash (Recent Filing)$286.10M
Total Debt (Recent Filing)$6.42B
Price to Earnings (P/E)29.8
Beta1.68
Next Earnings
Jan 30, 2025EPS Estimate
$0.31Last Dividend Ex-Date
Aug 22, 2024Dividend Yield2.41%
Share Statistics
EPS (TTM)2.50
Shares Outstanding536,505,077
10 Day Avg. Volume5,352,439
30 Day Avg. Volume5,779,496
Standard Deviation0.11
R-Squared0.52
Alpha-0.00386
Financial Highlights & Ratios
Price to Book (P/B)6.29
Price to Sales (P/S)6.07
Price to Cash Flow (P/CF)26.50
P/FCF Ratio33.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue8.39
Enterprise Value/Gross Profit9.23
Enterprise Value/Ebitda26.64
Forecast
1Y Price Target
$85.73Price Target Upside16.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
Microchip News
Bulls Say, Bears Say
Bulls Say
Inventory And DemandRequests for cancellations subsided in the quarter while expedites increased, pointing to a possible bottoming out in customer inventory levels.
Product PositioningMicrochip's expansion into 64-bit MPUs and datacenter exposure are positives.
Sales And Growth PotentialDespite a 54% sales drop from its peak, the company is expected to experience a strong bounce in fundamentals.
Bears Say
Financial PerformanceMicrochip reported ok results but guided well below Consensus due to continued Auto/Industrial weakness.
Inventory And Demand ChallengesThe company is facing continued top-line headwinds with DecQ revenue expected to decline by 9% quarter-over-quarter, influenced by customer inventory destocking and soft demand.
Valuation ConcernsMCHP currently trades at 26x consensus CY25 EPS, well above the company's 5-year average of 18.5x, and at the peak of the 5-year P/E range of 11x to 26x.
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Ownership Overview
2.10% Insiders
28.71% Mutual Funds
4.69% Other Institutional Investors
33.15% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MCHP FAQ
What was Microchip’s price range in the past 12 months?
Microchip lowest stock price was $71.77 and its highest was $100.56 in the past 12 months.
What is Microchip’s market cap?
Currently, no data Available
When is Microchip’s upcoming earnings report date?
Microchip’s upcoming earnings report date is Jan 30, 2025 which is in 82 days.
How were Microchip’s earnings last quarter?
Microchip released its earnings results on Nov 05, 2024. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.434 by $0.026.
Is Microchip overvalued?
According to Wall Street analysts Microchip’s price is currently Undervalued.
Does Microchip pay dividends?
Microchip pays a Quarterly dividend of $0.45 which represents an annual dividend yield of 2.41%. See more information on Microchip dividends here
What is Microchip’s EPS estimate?
Microchip’s EPS estimate is $0.31.
How many shares outstanding does Microchip have?
Microchip has 536,505,070 shares outstanding.
What happened to Microchip’s price movement after its last earnings report?
Microchip reported an EPS of $0.46 in its last earnings report, beating expectations of $0.434. Following the earnings report the stock price went down -1.785%.
Which hedge fund is a major shareholder of Microchip?
Among the largest hedge funds holding Microchip’s share is Platinum Investment Management. It holds Microchip’s shares valued at 123M.
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Microchip Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$85.73 (16.24% Upside)
$85.73 (16.24% Upside)
Blogger Sentiment
Bullish
MCHP Sentiment 91%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 8.2M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.2%
Last 30 Days ▲ 3.0%
Last 30 Days ▲ 3.0%
News Sentiment
Bullish
Bullish news 67%
Bearish news 33%
Bearish news 33%
Technicals
SMA
Negative
20 days / 200 days
Momentum
0.31%
12-Months-Change
Fundamentals
Return on Equity
20.70%
Trailing 12-Months
Asset Growth
-3.97%
Trailing 12-Months
Company Description
Microchip
Founded in 1989, Arizona-based Microchip Technology, Inc. is a leading provider of smart, connected and secure embedded control solutions. The company's solutions serve more than 120,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets.
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MCHP Company Deck
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MCHP Earnings Call
Q2 2024
0:00 / 0:00
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MCHP Revenue Breakdown
55.96% Microcontrollers
26.41% Analog
17.63% Other
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MCHP Stock 12 Month Forecast
Average Price Target
$85.73
▲(16.24% Upside)
Technical Analysis
Best Analysts Covering MCHP
1 Year
1 Year Success Rate
27/35 ratings generated profit
1 Year Average Return
+22.14%
reiterated a buy rating 3 months ago
Copying Hans Mosesmann's trades and holding each position for 1 Year would result in 77.14% of your transactions generating a profit, with an average return of +22.14% per trade.
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